The aim of this book is to advance a new way of answering these questions. Drawing inspiration from institutional theory, informal sector entrepreneurship is explained as resulting from the asymmetry between the codified laws and regulations of a society's formal institutions and the norms, values and beliefs that comprise a society's informal institutions.

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1. Introduction

Part 1: Theorising Entrepreneurship in the Informal Sector

2. An Institutionalist Perspective

3. Determinants of Institutional Asymmetry

Part 2: Informal Sector Entrepreneurship in Global Perspective

4. Prevalence of Informal Entrepreneurship

5. Impacts of Informal Entrepreneurship

6. Reasons for Informal Entrepreneurship

Part 3: Tackling Informal Sector Entrepreneurship

7. Policy Options and Approaches

8. Hard Direct Policy Measures

9. Soft Indirect Policy Measures

10. Conclusions

Colin C. Williams is a Professor of Public Policy at Sheffield University Management School.